Imperial Petroleum (NASDAQ:IMPP) Trading Down 2.1%

Imperial Petroleum Inc. (NASDAQ:IMPP)’s stock price fell 2.1% during trading on Tuesday . The company traded as low as $3.17 and last traded at $3.32. 771,477 shares traded hands during mid-day trading, an increase of 24% from the average session volume of 621,295 shares. The stock had previously closed at $3.39.

Imperial Petroleum Stock Performance

The stock’s 50 day moving average price is $3.19 and its 200 day moving average price is $2.56. The company has a market capitalization of $54.68 million, a P/E ratio of 1.00 and a beta of 1.32.

Imperial Petroleum (NASDAQ:IMPP) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.02) EPS for the quarter. Imperial Petroleum had a net margin of 38.72% and a return on equity of 34.11%. The firm had revenue of $29.88 million during the quarter.

Institutional Investors Weigh In On Imperial Petroleum

Institutional investors have recently modified their holdings of the company. Towerview LLC boosted its stake in Imperial Petroleum by 2.5% during the fourth quarter. Towerview LLC now owns 410,000 shares of the company’s stock worth $1,082,000 after acquiring an additional 10,000 shares in the last quarter. Privium Fund Management UK Ltd bought a new position in Imperial Petroleum during the fourth quarter worth $27,000. UBS Group AG boosted its stake in Imperial Petroleum by 185.2% during the third quarter. UBS Group AG now owns 84,224 shares of the company’s stock worth $27,000 after acquiring an additional 54,688 shares in the last quarter. Millennium Management LLC bought a new position in Imperial Petroleum during the second quarter worth $25,000. Finally, GSA Capital Partners LLP bought a new position in Imperial Petroleum during the third quarter worth $104,000. 94.44% of the stock is owned by institutional investors.

About Imperial Petroleum

Imperial Petroleum Inc provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals, crude oils, iron ore, coal and grains, and minor bulks, such as bauxite, phosphate, and fertilizers.